Analyst Advice And Earnings Insight: Nabors Industries Ltd. (NBR), Approach Resources, Inc. (AREX)

The recently concluded session had traders exchanging Nabors Industries Ltd. (NYSE:NBR) low level. Roughly 6.77 million shares changed hands compared to the three-month volume average 7.98 million shares. The first trade took place at $7.36 and the stock went down -3.42% to attain the closing price of $7.07.

Nabors Industries Ltd. (NBR) Analyst Opinion

Nabors Industries Ltd. has a consensus outperform rating from 27 Wall Street analysts, and the number of shares currently sold short amount to at least 10.43% of shares outstanding. The stock sank -5.48% last month and is down -56.89 this year. Wall Street is only getting more bullish on the stock, with 18 of analysts who cover NBR having a buy-equivalent rating. Analysts have placed a $10.16 price target on Nabors Industries Ltd., suggesting a 43.71% gain from recent close. It’s currently trading about -61.58% below its 52-week high.

Nabors Industries Ltd. Earnings Surprise

Nabors Industries Ltd. (NBR) failed to surprise the stock market in its last reported earnings when it earned -$0.38 a piece versus the consensus-estimated -$0.35. Its revenue totaled $592.18 million up 5.27% from the previous quarter.

Nabors Industries Ltd. (NYSE:NBR) Intraday View

This stock (NBR) is ahead of its 52-week low with 14.4%. Its last month’s stock price volatility remained 3.77% which for the week stands at 3.88%. The share price has moved backward from its 20 days moving average, trading at a distance of -9.06% and stays -1.78% away from its 50 days moving average. Over the last five days, shares have faced -4.46% losses and now is down -33.76% since hitting its 200-day moving average of $8.59. Nabors Industries Ltd. (NBR) has made its way to a 12-month decline of -46.19%.

Turning to Approach Resources, Inc. (NASDAQ:AREX), its shares were trading at $2.42 a gain of $0.08, on the trading floor. The stock, after opening at $2.3, touched a high of $2.44 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.9. Approach Resources, Inc. has 1 buy ratings, 7 holds and 0 sells even after the stock tumbled -44.14% from its high of $4.33 to a $212.06 million market value through last close.

Approach Resources, Inc. (AREX) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.91 to 2.91 during a month. Analysts set a 12-month price target of $2.66 a share. The target implies a 9.92% spike from where the shares are currently trading. Also, the current price highlights a discount of 395.87% to analysts’ high consensus price target.

Approach Resources, Inc. (NASDAQ:AREX) Intraday Trading

The counter witnessed a trading volume of 0.45 million shares versus an average volume of 0.52 million shares during last trading session. Its last month’s stock price volatility remained 6% which for the week approaches 5.25%. The lowest price the stock reached in the last trading day was $2.29 and compares with the $1.93 52-week low. The stock recovered 25.39% since its low point and has performed -27.76% year-to-date.

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